The FinTech Hub
Source: Live Mint On Saturday, finance minister Nirmala Sitharaman announced a fiscal outlay of ₹2,000 crore ($230 million) for the Mission. The move succeeded the Ministry of Electronics and Information Technology (Meity) announcing last Thursday that a repository of 18,693 graphic processing units (GPUs), provided by private sector companies, was ready to be used as…
Source: Live Mint India’s population today has surpassed 1.4 billion (World Bank, 2023). While a significant portion of the population remains young, with those aged 15-29 comprising around 27% (UNFPA, 2023), the number of senior citizens has also surged to more than 10% of the population, or roughly 140 million people (Ministry of Statistics, 2023)….
Source: Live Mint As Artificial Technology (AI) gets more advanced by the day, so much so that single individuals start forming a bond with it, Eric Schmidt, the former CEO of Google, has raised concerns. Referring to AI as the “perfect” girlfriend or boyfriend, Schmidt warned that young individuals forming emotional attachments to AI chatbots…
Source: Live Mint With the rapid progress of digitisation, credit cards have evolved significantly. Recent advancements in the credit card space include features like contactless payments, virtual cards, and mobile wallets. One such innovation is the introduction of chatbots for credit cards. Like other innovations, chatbots aim to simplify and make your payments easier. What…
Source: Live Mint Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach…
